SK Telecom (NYSE:SKM) Upgraded to "Strong-Buy" at StockNews.com

SK Telecom (NYSE:SKM - Get Free Report) was upgraded by investment analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday.

SK Telecom Price Performance

SK Telecom stock traded down $0.05 during trading on Friday, reaching $21.41. The company had a trading volume of 210,672 shares, compared to its average volume of 209,499. The firm has a market capitalization of $8.43 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 1.91 and a beta of 0.80. The firm's 50-day simple moving average is $21.87 and its 200 day simple moving average is $22.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91. SK Telecom has a 1-year low of $19.88 and a 1-year high of $24.58.

SK Telecom (NYSE:SKM - Get Free Report) last announced its earnings results on Wednesday, November 6th. The Wireless communications provider reported $0.51 earnings per share (EPS) for the quarter. The business had revenue of $3.35 billion for the quarter. SK Telecom had a net margin of 6.31% and a return on equity of 9.03%. As a group, equities research analysts anticipate that SK Telecom will post 2.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Principal Securities Inc. boosted its holdings in shares of SK Telecom by 147.7% during the 4th quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 721 shares during the last quarter. GAMMA Investing LLC boosted its stake in SK Telecom by 27.8% during the third quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider's stock worth $53,000 after buying an additional 488 shares during the last quarter. Matthews International Capital Management LLC grew its holdings in SK Telecom by 102.5% in the 4th quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider's stock valued at $54,000 after buying an additional 1,291 shares in the last quarter. Assetmark Inc. grew its holdings in SK Telecom by 57.6% in the 3rd quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider's stock valued at $70,000 after buying an additional 1,078 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in shares of SK Telecom by 130.8% in the 4th quarter. Global Retirement Partners LLC now owns 7,526 shares of the Wireless communications provider's stock worth $158,000 after acquiring an additional 4,265 shares during the last quarter.

About SK Telecom

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform, cloud, smart factory solutions, subscription, advertising and curated shopping under T Deal brand name, and metaverse platform-based services, as well as sells wireless devices.